10 Facts About MGM Holdings

MGM Holdings, Inc is a Delaware-registered pure holding company and the parent company of the American media company Metro-Goldwyn-Mayer Studios Inc Through this holding company, MGM's former creditors owned the studio until its purchase by Amazon in 2022.

MGM Holdings was formed on February 11,2005, by a Sony-led consortium, and on April 8,2005, it acquired MGM in a US$4.

From that period until its emergence from bankruptcy on December 20,2010, MGM Holdings was owned by Providence Equity Partners, TPG Capital, Sony Corporation of America, Comcast, DLJ Merchant Banking Partners, and Quadrangle Group .

MGM Holdings announced that its creditors agreed to a forbearance on the company's debt payments originally until January 31,2010, but the forbearance was extended to March 31,2010.

MGM Holdings stated in February 2010 that the studio would likely be sold in the next four months and that Hot Tub Time Machine might be one of the last four films to bear the MGM Holdings name.

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In May 2012, MGM Holdings sold its minority non-voting shares of LAPTV to Fox International Channels while signing a long term contract for content with LAPTV.

Downey and Burnett will receive stakes in MGM Holdings collectively valued at $233 million with Hearst receiving cash.

In October 2017, MGM Holdings's board renewed Gary Barber's contract as chairman and CEO until December 2022.

On March 19,2018, MGM Holdings announced that Barber had been fired by the studio's board of directors.

In December 2020, MGM Holdings began to explore a potential sale of the studio, with the COVID-19 pandemic and the domination of streaming platforms due to the closure of movie theaters as contributing factors, hiring Morgan Stanley and LionTree Advisors to handle the process on behalf of the studio.